Turning Income into Wealth
Where are you today? And where do you want to go?
Do you feel like you need financial structure to be successful in life?
Do you feel overwhelmed by your finances that you don’t know where to start?
Do you want to make sure you’re doing the right things?
A Step-by-Step process for your Financial House
If you have ever watched a home being built, you know there is a step-by-step process which must be followed. You know what the house is going to look like in the final stage, but it is a lengthy process to get to the end result. There is a step-by-step process that can not be rushed and the steps must be followed in sequential order. Trying to rearrange the order of the steps is a waste of time, money, effort and materials.
To begin, a foundation can not be poured if the ground is not level. The drywall can not be installed if the house is not framed and the roof is incomplete. Interior fixtures may be chosen at the beginning of the process, but not installed until the end. And, planting shrubbery during excavation sounds comical.
Think of your finances like building a house. You may know what you want the end result to be, but first you need to identify and execute the steps to get there.
When meeting with clients, they sometimes ask me when they are able to retire, or if they can purchase a vacation property based on the amount of money they earn and have saved. But, they don’t have a handle on their debt or have an emergency fund. That’s like trying to install a roof before pouring a foundation.
Don’t make any wrong moves while building your financial house.
A foundation is one of the most important parts of your home. It is the base on which your home stands. You certainly would not want to use cheap and ineffective materials to rush the installation. The foundation needs to be dry and free of any cracks. It also needs to be inspected before proceeding with the next steps.
Your finances should be no different. We have heard the saying, “It was a house of cards.” This refers to someone’s financial situation crumbling down because of one mistake. A house of cards doesn’t have a strong foundation, so one wrong move can ruin everything.
When working with clients, I must first ensure they have a strong financial foundation. How can I tell someone they are able to retire if I don’t know they are swimming in debt? Which is why, in my process, I start every new client on the Financial Foundations program. Like building a house, Financial Foundations is a step-by-step process to ensure you have a solid financial foundation in which to build your wealth. We can create the action steps to get you there.
Once your foundation is solid, you can continue designing your financial house.
After the house’s foundation is set and solid, you can move onto the second and third steps in the building process — framing and installing the roof. This is our Financial Framing program.
In Financial Framing we start to design your financial life. You have built your strong Financial Foundation, and now you need to build upon it. In Financial Framing, we will focus on how to live the life you want, eliminate your debt, grow your money and give to the organizations that matter most to you.
We also identify three financial objectives to focus on and together, we will design a plan to achieve those objectives. Just like framing a house and installing a roof makes your home an actuality, our Financial Framing program helps your goals become a reality.
When you work with Greenway Wealth Advisory, we will start off with building you a solid Financial Foundation.
You are making good money, you have big expenses and big dreams. You have been going at it on your own, but questioning if you’re doing the right things financially.
Small missteps today can create large issues in the future. Without a strong financial foundation, it can all be a deck of cards.
Our proprietary Financial Foundations program takes you through the 10 Financial Essentials, measures where you are today, where you need to be and the steps your need to take to get there.
Having a solid Financial Foundation is essential to build wealth.
Our four 60 minute sessions together will look at the 10 Financial Essentials, evaluate your current status, explain where you need to be and create action steps to implement.
You have build a solid Financial Foundation. Now, what do you do with it? Your financial journey is not over and you now need to understand how to continue making smart financial decisions and live your life, give to organizations that matter to you, pay off debt and grow your income into wealth.
Our Financial Framing program focuses on building upon the solid Financial Foundation and design your financial life. We will plan around your specified financial objectives and you will receive customized advice and recommendations to achieve desired outcomes all while maintaining a solid Financial Foundation.
Financial Framing consists of four 60 minute sessions each year.
Are you within 5 years of retirement? Do you have a retirement date in mind but no idea on what your retirement is going to look like? Are you worried about outliving your money? Do you know if you have enough saved for retirement. You may need a Retirement Blueprint.
A Retirement Blueprint is a plan for your retirement, your money and your golden years.
A Retirement Blueprint consists of: Financial Foundations (four 60 minute meetings), Retirement Income Bucket Plan, Social Security Analysis, Tax Freedom Checklist, Pension Evaluation, Portfolio MRI and three meetings to get your Blueprint established. Once we have your Blueprint established, we will meet twice a year to review your plan and investments and update as necessary.
$3,500 + $600 annually
A la carte Financial Planning Services:
Income to Wealth
Do you want help with everything and anything that has to do with your money? A Comprehensive Financial Plan considers everything in your life with a dollar sign (net worth analysis, retirement planning and projection, Social Security evaluation, investment evaluation, tax planning, real estate evaluation, education savings and cost projection, insurance and estate planning, 401k/403b evaluation).
Our Income to Wealth design process consists of six meetings over the course of six months.
401k Allocation Advice
Have your current 401k or 403b’s investment options analyzed, receive personalized portfolio allocations based on risk tolerance and investment goals, receive reallocation notifications and annual reviews.
(Available for clients who have enrolled in a Greenway Wealth Advisory’s Financial Foundations Program.)
Two 60 minute meetings a year to review your Financial Foundation, make sure you’re on track and evaluate and plan for new financial objectives.
Financial Services You Can Trust
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